19 Feb 2015
SEB: EUR/GBP: Avoid selling under present conditions – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for EUR/GBP.
Key Quotes
“The past three lows has followed an ideal Bollinger triple low path (1st low outside the band, 2nd low at the band and the 3 rd low inside the band).”
“Also a spring bottom-ish behavior is catching our eyes and so does the fact that MACD rapidly is narrowing (loss of momentum).”
“So all in all shorts should be very observant to the near term development and other should avoid selling the pair given current conditions.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The past three lows has followed an ideal Bollinger triple low path (1st low outside the band, 2nd low at the band and the 3 rd low inside the band).”
“Also a spring bottom-ish behavior is catching our eyes and so does the fact that MACD rapidly is narrowing (loss of momentum).”
“So all in all shorts should be very observant to the near term development and other should avoid selling the pair given current conditions.”
This content has been provided under specific arrangement with eFXnews.